Here is Cliff High explaining what will happen with our upcoming currency collapse.
https://www.bitchute.com/video/9oYMqZN8gEwF/
I disagree with him on a couple points. He seems to think economic recovery afterwards could take as long as 8 years, I highly disagree. I think he is basing his opinion on previous recoveries of countries that have went through a currency collapse.
He also sees the upcoming collapse as part of the great reset by the globalists (WEF) and this is wrong also. The currency collapse has been predicted as part of the Q plan for several years. How do you kill the globalists? You kill their income, you kill the Federal Reserve
Most currencies collapse when the debt to GDP ratio gets near 100%. The dollar is currently greater than 100% but it is the world currency, so it has more stability than all other currencies. Biden has spent $7 Trillion since he has been in office. This spending decreases our currency value and creates the inflation we see.
The Federal Reserve promised to regulate interest rates, protect us from debt and future economic depressions. If we go into a hyperinflationary state with our currency, they failed at all 3 objectives. At that point any MAGA President should tell the Federal Reserve to pack their bags and get out of the country, just like Putin did. Oh, take all your fake debt with you, your days of taxing us are done.
Soon, inflation is going to get worse, much worse. We could see 100% increase in gas, food and utilities happen in days to weeks, multiple times. This is when the protests will start.
I saw people on another post asking how much silver should I buy? Well, how much cash and supplies do you have put away? The dollar will continue to be used during this process; you will just be spending more of it for the things you buy. I suggest you try to get $2000-3000 tucked away somewhere. They may shut down the banks like they did in China.
Next, make sure you have everything you need to keep your family well fed and protected for 3 months. Make sure you have dry foods(noodles, flour, baking powder, soda, yeast), canned foods, frozen foods(meat/veggies), water, eggs, animal food, medications, coffee, batteries, several cooking sources, gun, ammo, candles, ect, ect. You can find lists online.
Buying silver is more for protecting your wealth over time. Silver is not going to be any use for the short-term economic event we will experience. I'm thinking Trump would be back in office within a couple months if we went into hyperinflation. Trump would roll out a new currency, the system would be converted, adjusting prices for goods that is appropriate to our new currency.
One thing to consider though. if we go back to a gold standard currency, the price of precious metals could skyrocket. If you are fully stocked and armed up, buy some silver, stay away from gold, you get more for your money with silver. Silver has been depreciated for many years.
The silver to gold ratio when it is being mined is around 12 to 1. Right now, gold is $1740/ounce which means silver should be around $145 ounce, it actually is at $19.00 /ounce and people think one day soon it will go to that $145 mark or higher. If we go to a currency backed by precious metals, the price of gold may double or triple, the price of silver will follow. Stacking some silver could turn in to a nice profit in the future. I prefer the kilo bars, the more you buy, cheaper the ounce
https://www.jmbullion.com/silver/
Stay safe my frens!!!
WWG1WGA!!!
PS: This is a post from earlier, I tried to explain why, believe me, this collapse will be good for our country.
The Federal Reserve must be destroyed to rid ourselves of the globalist leeches.
Over many years the globalists have built their power on the backs of US taxpayers. Taking money from our system through the Federal Reserve, taxing us on money printed from thin air. That money flows to the City of London and then stored in the Vatican financial system. Here is an article that explains some of what I am saying.
You see, the Vatican has never been audited, also the Federal Resrve has never been audited. Any corrupt entity can give their money to the Vatican, it is protected and nobody asks where the money came from. The Federal Reserve steals from US taxpayer, money goes to City of London and then flows into the Vatican. Remember back in 2013 the fake Pope Francis was installed during the Obama admin? This fake Pope is a globalist puppet, using the Vatican wealth to fund the globalist anarchy.
Trump paid this Pope a visit one day, it was said Trump took many cases of evidence with him, evidence on child trafficking. Trump made the Pope a deal he couldn't refuse. Give up your wealth or we release all of it.
Notice the Trump family dressed in black, like they are attending a funeral, the Vatican's funeral.
Here is an article from 2019 talking the Vatican's money issues.
So the theory is Trump took back all the money the Federal Reserve has been stealing from us for many years.
Q was asked, do we have the gold? Answer was yes.
Trump has already set up an alternative currency that will replace the fiat dollars. This video is from 2018. I see Federal Reserve Note on these bills but I assume that will be removed and replaced with the term "silver certificate", just like the good ole days.
https://www.youtube.com/watch?v=nmtw8grnnUM&t=01s
Don't worry about your 401k's. Yes, you will lose some money, but this correction had to happen. The money you have afterwards will convert to the new currency and have much more intrinsic value.
So how can you profit when you have to pay roughly 20 percent "tax" off the get go....
Only rarely have I been able to buy silver at the spot price... that price is what big time speculators and banks pay for silver. Anyway the spot price plus a small-ish premium is the going rate. Fortunately my state (Tennessee) recently dropped the sales tax on silver and gold, so I can now buy closer to spot prices. Other states have done so too, but I cannot recall which ones.
So here is my approach to silver.... IT IS NOT AN INVESTMENT. I have ZERO plans to profit at some future date. If I did that, I would be simply holding the silver to sell at an inflated price and exchange it for a worthless fiat currency. I see silver as part of a future survival plan, to use ONLY when no other currencies will be accepted as tender for goods and services.
It might be some Mad Max kind of world, or it may just be a sad world where no one has any wealth or money reserves at all....or somewhere in between. Then, and only then, and when I know that I can trade silver for food or medical care, will it come out of my safe.
Market manipulations have kept the price of silver undervalued for a long time. Agencies buy up large quantities of silver and then dump it into the market, lowering the price of silver. It is thought that this manipulation would one day be considered illegal and the price of silver will rise where it should be. If silver went to $150 an ounce how much profit would that be?
In the UK, the spot price is around £15.50, but the price of a 1 Oz. coin is spot + premium + VAT@20% so is over £26.
That's a huge mark-up, but if the spot price for silver ever goes to the £100 mark and above, then you will be able to convert it back at a profit.
Anyway, it's not really about profit - it's about insurance/wealth preservation.
Silver and Gold are money - everything else is an IOU. Under normal circumstances these IOU's are fine and you are often protected by financial laws etc. - but in a collapse you can be sure they will be worth exactly what they are made of - bits of paper.
That's when your PM's will allow you to trade for the goods you need. This is why you buy the goods you need first - so that you can make the most of your PM's.
Any kind of monetary reset will destroy the paper market in gold/silver and we will get true price discovery - no-one really knows what that will entail, but it could mean the PM's you hold will buy you a heck of a lot more in the future.
I think of PMs as more of a savings account than an investment. It is real "money" I can store at my house, but it takes a little work to convert it back into paper currency (fiat), so it is not temping to spend. It is for long term storage.
The current spot price of silver is very manipulated and WAY low, so basically it is on sale right now. When I started buying 5-6 years ago, it was around 12-$15 with much lower premiums. So If I had put $1000 cash in my safe, it would be worth considerably less now (buying power) due to inflation robbing the "value". But, If I had purchased 70-80 ounces of silver, that would be worth a little bit more now, than what I paid for it. Gold is a better example right now, even though it has dropped quite a bit this year too. When I got a small inheritance in 2018, I purchased some gold 1 once bars. I paid less than $1250/once including the premium. Now that same gold is selling for over $1700/ounce (it was up around 2000 only a month ago). So instead of that money losing 15-20% to inflation if I had left it as cash, it has gone up almost 40%.
Just think of gold & silver as hedges against inflation. They tend to hold their "value" over time... and the dollar loses "value" over time. The story I hear a lot is... in 1964 a quarter (that contained real silver then) could buy you a gallon of gas. Today the equivalent of that silver (6.25 grams) is worth roughly $4.00... which is pretty close to the price of a gallon of gas today. So, that same silver quarter can still buy you a gallon of gas. This of course fluctuates from day to day, but you can see that PMs in general hold their "value"... which is not the same as "price". This is why PMs are great, they hold the value of your wealth, instead of holding cash that loses it's value overtime.
This is not something you are going to flip next week and double your money. It is just a savings account to store your wealth. And in general, over a year or two, you should make up the premium as the spot price steadily raises. When the spot price is really low like it is right now, that is a great time to buy.
In the UK, the prices of silver attract a premium over spot PLUS the buyer has to pay VAT (an additional tax) which makes it expensive. Gold purchases are not taxable, but profits on the sale are taxable, an exception is the Gold Brittania coin, which is free from capital gains tax on profits.